Credo Brands Marketing Limited, also known as Mufti, is a highly regarded clothing brand that has made its mark in the fashion industry. With its roots embedded in India, Mufti takes pride in offering a wide range of trendy and comfortable apparel.
One of the key highlights of Mufti’s collection is its exquisite line of cotton pants. Designed with a perfect blend of style and comfort, these pants have become a favorite among fashion-conscious individuals. The high-quality cotton fabric ensures breathability and durability, making them ideal for everyday wear.
Table of Contents
Credo Brand IPO details
Key Details
Offer Details:
Mufti Menswear IPO is a book-built issue valued at Rs 549.78 crores.
The entire issue consists of an offer for sale of 1.96 crore shares.
Subscription Timeline:
The Mufti Menswear IPO opens for subscription on December 19, 2023.
The subscription period closes on December 21, 2023.
Allotment is expected to be finalized by Friday, December 22, 2023.
Listing Information:
Mufti Menswear IPO is scheduled to list on BSE and NSE.
Tentative listing date is set for Wednesday, December 27, 2023.
Price Band:
The IPO price band is set at ₹266 to ₹280 per share.
Lot Size and Investment Requirements:
Minimum lot size for an application is 53 shares.
Minimum investment required by retail investors is ₹14,840.
Investment for sNII and bNII:
Minimum lot size investment for sNII is 14 lots (742 shares), totaling ₹207,760.
For bNII, the minimum lot size investment is 68 lots (3,604 shares), amounting to ₹1,009,120.
IPO Date
19 -21 Dec 23
Issue Size
₹549.78 Cr (almost 19,634,960 shares)
Lot Size
53 shares
Price Range
₹268- ₹280 per share
Face Value
₹2 per share
Issue Type
100% book building
Cut-off time for UPI Mandate Confirmation
21-Dec-2023 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding.
The source of the information provided is NSE. We do not guarantee the correctoness of facts and information. It is provided as it available on NSE.
Competitor Analysis
Company
Market Cap(in Crores)
PE
ROE(%)
ROCE(%)
Credo Brand (Mufti)
–
23.22
29.98
28.16
Aditya Birla Fashion And Retail Limited
₹ 22,096
–
-2.20
5.03
Go Fashion (India) Limited
₹ 6,989
81.8
16.8
17.7
Arvind Fashion Limited
₹ 5,425
149
4.52
13.7
Kewal Kiran Clothing Limited
₹ 4,863
34.2
21.8
26.2
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